Financial Aggregates October 2013

In Financial Aggregates 2013

Total credit provided to the private sector by financial intermediaries grew
by 0.3 per cent over October 2013 after increasing by 0.3 per cent
over September. Over the year to October, total credit rose by 3.5 per cent.

Housing credit increased by 0.5 per cent over October following an
increase of 0.5 per cent over September. Over the year to October, housing
credit rose by 5.0 per cent.

Other personal credit decreased by 0.1 per cent over October after
increasing by 0.3 per cent over September. Over the year to October,
other personal credit increased by 0.6 per cent.

Business credit increased by 0.1 per cent over October after decreasing
by 0.1 per cent over September. Over the year to October, business
credit rose by 1.4 per cent.

Over the month of October, M3 increased by 0.6 per cent and broad
money increased by 0.6 per cent. Over the year to October, broad
money grew by 5.6 per cent.

All growth rates for the financial aggregates are seasonally adjusted, and adjusted
for the effects of breaks in the series as recorded in the footnotes to tables.
Figures showing the levels of financial aggregates are not adjusted for series
breaks. Historical levels and growth rates for the financial aggregates have
been revised owing to the resubmission of data by some financial intermediaries,
the re-estimation of seasonal factors and the incorporation of securitisation
data. The RBA credit aggregates measure credit provided by financial institutions
operating domestically. They do not capture cross-border or non-intermediated
lending.